Civil Law Act (Cap. 43): Primary legislation governing contractual relationships and enforceability in Singapore. Essential for the basic structure and validity of the factoring agreement.
Sale of Goods Act (Cap. 393): Governs the transfer of rights in receivables, providing framework for the assignment and sale of future receivables.
Contracts (Rights of Third Parties) Act (Cap. 53B): Regulates how third parties (such as debtors) may acquire rights under the factoring agreement and their enforcement capabilities.
Companies Act (Cap. 50): Provides corporate law framework, including requirements for registration of charges and corporate powers to enter into factoring arrangements.
Moneylenders Act: May be applicable depending on the nature of the factoring arrangement and the status of the factor.
Securities and Futures Act: Relevant for certain financial arrangements and securities-based factoring transactions.
Stamp Duties Act: Governs stamp duty requirements for factoring documentation and assignments.
Personal Data Protection Act 2012: Regulates the collection, use, and disclosure of personal data in the context of customer information handling.
Consumer Protection (Fair Trading) Act: Applicable when the receivables involve consumer transactions, ensuring fair trading practices.
Banking Act: Relevant when the factoring arrangement involves regulated financial institutions or banking activities.
Assignment Law: Common law principles governing the assignment of receivables, including notice requirements and priority rules.
UN Convention on Assignment of Receivables: International framework for cross-border receivables assignments, may be relevant for international factoring arrangements.
